Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
342
251
About the Property
38 MUCHOW ROAD, WATERFORD WEST
Welcome to 38 Muchow Road, Waterford West! This beautifully renovated 3-bedroom, 1-bathroom home is a true gem.
As you step inside the front gate, you’ll be greeted by a beautiful garden lining the perimeter of the block, setting the tone for the rest of the property. The open plan living area creates a spacious and inviting atmosphere, perfect for spending quality time with family and friends.
The spacious kitchen features an island bench top, plenty of bench space, and a convenient breakfast bar. It’s the ideal place to whip up delicious meals and entertain guests.
The property boasts air conditioning and ceiling fans to keep you cool during the summer months. Plus, the internal laundry provides direct access to the outdoor area, making laundry days a breeze.
The large backyard with side access provides endless opportunities for outdoor activities and is perfect for those with pets or children. The large undercover entertaining area, where you can host gatherings or simply relax and enjoy the outdoors make this home something special.
Additional features include a garden shed for extra storage and a fully fenced yard, providing security and privacy.
Located in a great neighbourhood, 38 Muchow Road is just a short distance from all amenities, including schools, shops, and public transport.
Property Features:
– Fully fenced
– Side access
– Air conditioning
– Open plan living
– Large outdoor entertaining area
– Ceiling fans throughout
– Internal laundry
– Main bathroom with separate bath and shower
– Garden shed
– 612sqm block with spacious yard
– Beautiful gardens
– New renovations
– Built in robes in 2 of the 3 bedrooms
– Parking space for 4 cars
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Waterford West, QLD is a family-friendly suburb with a diverse age group. The majority of residents fall in the age brackets of 5 to 19 years and 20 to 24 years, indicating a vibrant community with a significant youth population. The area boasts a mix of occupations, with a notable presence of technicians and trade workers, community and personal service workers, as well as clerical and administrative workers. The suburb has good access to motor vehicle commuting, with a sizeable percentage of residents working from home.
Waterford West presents promising opportunities for property investors. The suburb has a healthy market absorption rate, indicating strong demand for housing. With a high median growth rate for both houses and units, it is an attractive location for capital appreciation. The rental market is also lucrative, with high rental yields for both houses and units. The low vacancy rate and high room demand-supply ratio suggest a scarcity of rental properties, making it advantageous for landlords. The sale price IQR ratio for houses indicates potential for renovation projects and value-adding opportunities.
Waterford West, QLD offers a blend of a family-centric lifestyle and investment potential. Homeowners can enjoy a community-oriented environment with access to educational facilities within a decent ICSEA percentile range. For investors and developers, the suburb presents a prime opportunity for capital growth, high rental yields, and renovation projects. The suburb’s strong market fundamentals, low vacancy rate, and high demand for rental properties make it an attractive option for those looking to expand their property portfolio.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
